FOR SALE0.3 ACRES
Listed by Smith Macdonald Group, Coldwell Banker Carlson Real Estate, (802) 253-7358
61 Elmwood Avenue
Burlington, VT 05401
Studio
8,736 sqft (on 0.30 acres)
- Studio
- 8,736 sqft (on 0.30 acres)
Studio
8,736 sqft
(on 0.30 acres)
Local Information
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Commute Destination
Last check for updates: about 11 hours ago
Listing courtesy of Smith Macdonald Group
Coldwell Banker Carlson Real Estate, (802) 253-7358
Source: PrimeMLS, MLS#4980374
Description
The location offers many advantages with its proximity to essential amenities like Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The setup of 16 one-bedroom condos with hardwood flooring and tile, along with off-street parking and laundry facilities, is attractive for tenants. The fact that the property is condominiumized is a significant advantage as it allows potential buyers to sell units individually, which can be a great selling point. Additionally, the ease of renting, managing, and maintaining the property makes it even more appealing. Properties in sought-after areas like this can indeed be rare finds. The location, amenities, and potential for future flexibility could make it a highly desirable investment for real estate investors. The current cap rate is 7%, with the ability to quickly increase the monthly rents within year one of ownership.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$274
Listed
134 days ago
Home Details for 61 Elmwood Avenue
Active Status |
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MLS Status: Active |
Interior Features |
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Interior Details Basement: Exterior Entry,Walk-Up Access |
Beds & Baths Number of Bathrooms (full): 16 |
Dimensions and Layout Living Area: 8736 Square Feet |
Appliances & Utilities Utilities: Internet - Cable |
Heating & Cooling Heating: Baseboard,Electric,Gas Heater,Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard |
Gas & Electric Electric: Circuit Breakers |
Levels, Entrance, & Accessibility Number of Stories: 2Levels: Two |
View No View |
Exterior Features |
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Exterior Home Features Roof: Membrane Standing SeamFoundation: Stone |
Parking & Garage No CarportNo GarageParking: Paved,Off Street,Parking Spaces 11 - 20 |
Frontage Road Frontage: Public, Other |
Water & Sewer Sewer: Public Sewer |
Farm & Range Frontage Length: Road frontage: 75 |
Finished Area Finished Area (above surface): 8736 Square Feet |
Days on Market |
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Days on Market: 134 |
Property Information |
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Year Built Year Built: 1920 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: Multi Family |
Building Construction Materials: Wood Frame, Brick Exterior, Vinyl Siding, Wood SidingNot a New Construction |
Price & Status |
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Price List Price: $2,395,000Price Per Sqft: $274 |
Media |
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Location |
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Direction & Address City: Burlington |
Agent Information |
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Listing Agent Listing ID: 4980374 |
Building |
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Building Area Building Area: 10752 Square Feet |
Lot Information |
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Lot Area: 0.30 acres |
Documents |
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Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS. |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Sub Agency Commission: 0Sub Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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BasementMls Number: 4980374 |
Price History for 61 Elmwood Avenue
| Date | Price | Event | Source |
|---|---|---|---|
| 02/23/2024 | $2,395,000 | PriceChange | PrimeMLS #4980374 |
| 01/12/2024 | $2,625,000 | PriceChange | PrimeMLS #4980374 |
| 12/16/2023 | $2,900,000 | Listed For Sale | PrimeMLS #4980374 |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | |
| Assessment | $109,900 |
Home facts updated by county records
Comparable Sales for 61 Elmwood Avenue
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Multi-Family Home | $2,200,000 | 07/21/23 | - | 9,280 | ||
0.36 | Multi-Family Home | $298,176 | 03/20/24 | - | 10,852 | ||
0.37 | Multi-Family Home | $2,700,000 | 03/15/24 | - | 10,852 | ||
0.26 | Multi-Family Home | $1,100,000 | 09/27/23 | 7 | 7 | 3,531 | |
0.19 | Multi-Family Home | $715,000 | 11/17/23 | 5 | 4 | 2,664 | |
0.15 | Multi-Family Home | $690,000 | 06/16/23 | 6 | 3 | 2,990 | |
0.17 | Multi-Family Home | $820,000 | 11/14/23 | 5 | 4 | 2,910 | |
0.33 | Multi-Family Home | $1,350,000 | 11/30/23 | 12 | 4 | 4,846 | |
0.18 | Multi-Family Home | $690,000 | 09/07/23 | 4 | 4 | 1,926 |
What Locals Say about Burlington
- Kaitssherman
- Resident
- 4mo ago
"There are certain areas in Burlington that are more kid-friendly than others. Get a feel for the neighborhood before moving in. "
- Trulia User
- Resident
- 1y ago
"This neighborhood has many different ages and families but remains quiet and people are friendly Dogs are welcome"
- Trulia User
- Resident
- 2y ago
"This neighborhood is very welcoming for dog owners people walk on leashes and pick up anything the dog may leave behind. Plenty of great walking area for every pooch "
- Pattylynne C.
- Resident
- 3y ago
"I work at home so there's no commute but downtown Burlington is close and great for a walk, coffee, shopping. "
- Pam K.
- Resident
- 3y ago
"Lots of dog friendly people. With the water and hiking close by, lots of dog activities. Sidewalks. "
- Lkkingston1
- Resident
- 3y ago
"Neighborhood with lots of family activity...kids, dog walkers, cyclists. Friendly and safe place to live. "
- Mckennakb
- Resident
- 3y ago
"I walk to work when possible, about a mile. If there’s too much snow, I drive. Traffic is light, usually."
- Darby F.
- Resident
- 4y ago
"relatively safe and friendly area, great outdoor fun is always nearby and lots of local food options."
- Korbyn G.
- Resident
- 4y ago
"Burlington is such a good community and a great place to raise a family. As in any city, be aware of your surroundings when going out at night, but I would rate burlington as one of the safest (small) cities in the country. "
- Aaronzigzuege
- Resident
- 4y ago
"Nothing is too far from anything here. Compared to our old home in Seattle, this is a breeze. Very bikeable. Haven’t used the bus system yet. "
- Allison B.
- Resident
- 4y ago
"Folks tend to tailgate pretty bad, and road rage is increasing as more out of staters move to vermont. More traffic, so more incentive to take public transit. Roads need a lot of help. Commute to surrounding towns takes little time if it’s not rush hours."
- Ellen O.
- Resident
- 4y ago
"Burlington is incredibly dog friendly. People are constantly walking there dogs and I even live near a dog park."
- Scm4kids
- Resident
- 4y ago
"Bought our 150 year old cottage last Christmas and spent a year renovating it. Found good people and love our area"
- Eperez10115
- Resident
- 4y ago
"The buses are late 80% of the time and the drivers don’t wait until the people sit to drive off......"
- Alyssa E.
- Resident
- 4y ago
"I have lived here for 3.5 years now and really love it! From New Jersey and I never want to leave. So much to do in every season especially the summer! Right on lake Champlain with beautiful views of the nearby mountains."
- Uma
- Resident
- 4y ago
"This neighborhood has great transportation, The nearest bus stop to get to downtown is only a two minute walk. "
- Colin G.
- Prev. Resident
- 4y ago
"I loved living in the area for 4 years. Amazing community and culture. The farmers market is amazing. Couldn’t recommend it enough "
- Paul
- Resident
- 4y ago
"Best neighborhood in Baltimore. clean, close to both Fells point and canton, a true gem of a neighborhood. "
- Westin R.
- Resident
- 4y ago
"Being the oldest and most diverse neighborhood in Burlington, the Old North End lends a unique charm and character to the city. The Queen City would be sorely lacking without this neighborhood. It can be loud and some of the buildings can use some TLC, but those are the most minor of qualms and should be expected in any city neighborhood. McMansionville this is not, thank goodness. "
- Akinnart
- Resident
- 5y ago
"There are a lot of families in the neighborhood. There is a park with hiking trails just across the street. Easy access to two bike paths. There is a grocery store, hardware store, pediatricians office, kids dentist and a could restaurants within a five minute drive (15-20 min walk). And the elementary school is just around the block. "
- JT
- Resident
- 5y ago
"I work from home. my husband drives. sometimes there is traffic, but it's not nearly as bad as other cities I've lived in. in the summer we ride bikes for quick trips around the city. **************************************************** "
- Zidi P.
- Resident
- 5y ago
"I am not a big fan of dogs but this neighborhood is for sure a dog friendly neighborhood and I guarantee that any dog owner will absolutely be satisfied just by the first few hours in this town"
- Trulia User
- Resident
- 5y ago
"I own a dog and even though she doesn't like other dogs much we still make it out at least three times a day. Almost everyone leashes their dog, only twice has some dog bounced happily toward my growling boxer mix. No incidents."
- Kylee
- Resident
- 5y ago
"There are not enough dog parks and a lot of houses/apartments do not have yards. A lot of people in the neighborhood seem to be afraid of dogs. "
- Timswdog
- Resident
- 5y ago
"We have access to parks, the lake, a bike path and good shopping all within walking distance. Good schools, safe neighborhoods, easy bus access into the city center."
- Kaddman2
- Resident
- 5y ago
"It’s a family friendly neighborhood close to everything! It’s unique in that there are 3 bike paths including trails that lead to lake Champlain which is only about 5 to 10 minute walk! Take another short walk to Ethan Allen park or cross country ski there in the winter including a wooden bridge that leads to Ethan Allen homestead. Enjoy craft beers at the simple roots brewery which is literally a 5 min walk. "
- Connie K.
- Resident
- 5y ago
"I’ve lived in this neighborhood for 23 years. I love its closeness to everything while maintaining a country feel."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Smith Macdonald Group, Coldwell Banker Carlson Real Estate
Copyright 2024 PrimeMLS, Inc. All rights reserved.
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-02-12 14:37:28 PST.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
61 Elmwood Avenue, Burlington, VT 05401 is a studio, 8,736 sqft multi-family built in 1920. This property is currently available for sale and was listed by PrimeMLS on Dec 16, 2023. The MLS # for this home is MLS# 4980374.